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Calendar

Oct
20
Thu
“Is It Made of Timber or Steel? State of Play of the Banking Union” @ Villa Schifanoia, Sala Belvedere
Oct 20 @ 3:00 pm – 5:00 pm
“Is It Made of Timber or Steel? State of Play of the Banking Union” @ Villa Schifanoia, Sala Belvedere | Firenze | Toscana | Italy
Joint-seminar organised by the Law Department’s EU Financial and Monetary Law working group and the Robert Schuman Centre 

Stefaan De Rynck (DG FISMA, European Commission) will present a paper on the state of banking union, covering the issues of supervision, resolution and deposit guarantees. The paper reviews competing explanations for the emergence of banking union on the EU agenda. It also discusses the first indications on the effectiveness of banking union, both for a more centralized EU banking policy and for breaking the nexus between national banks and their sovereigns in the context of Euro Area crisis management.
Mr. De Rynck is an EU official who worked with Commissioner Michel Barnier on the creation of the single supervisory mechanism and the new resolution regime for EU banks. He is currently Head of Unit in DG FISMA for free movement of capital and enforcement of financial regulation. He teaches at the Collegio Carlo Alberto (University of Turin) and the College of Europe (Bruges), and has a PhD from the EUI, and has recently published in JEPP on the creation of the banking union. Currently he is drafting a chapter on banking union for a Routledge Handbook on EU Public Policy.

Discussants:
  • Manuela Moschella (Associate Professor in International Political Economy, Scuola Normale Superiore, Florence)
  • Christy Petit (Law Department, European University Institute)

The session will be chaired and moderated by Pierre Schlosser, Florence School of Banking and Finance
Dec
1
Thu
Framing the ECB’s role during the crisis: the rise of a ‘gouvernement des banquiers’? @ Sala Belvedere, Villa Schifanoia
Dec 1 @ 2:00 pm – 3:30 pm
Framing the ECB’s role during the crisis: the rise of a ‘gouvernement des banquiers’? @ Sala Belvedere, Villa Schifanoia | Firenze | Toscana | Italy
Joint seminar organized by the Robert Schuman Centre and the Law Department’s EU Financial and Monetary Law Working Group. Gabriel Glöckler (ECB) will make a presentation on the changing ECB’s role in the EU governance, focusing on its perceived power concentration as the Bank started to use more controversial non-standard monetary policy tools, became involved in the Troika and eventually was given powers to supervise Eurozone banks. The presentation will address the interplay with politics, questions surrounding the means of holding the ECB accountable and ultimately the Bank’s legitimacy in the evolving EMU set-up. Mr. Glöckler has been with the European Central Bank since 1999 and recently joined the Bank’s senior management as Principal Adviser in the Directorate General Communications, where he focuses, in a deputy spokesman role, on the ECB’s outreach towards the general public, politics, and academia and the strategic direction of communications. Previous positions include Head of the Bank’s General Secretariat, Deputy Head of the EU Institutions Division (and in that capacity, member of the EU’s Economic Policy Committee) and Counsellor/Chief of Staff to the ECB’s Vice-President Lucas Papademos. Mr. Glöckler, who grew up in Leipzig, studied Philosophy, Politics and Economics at Oxford University and holds a Master’s degree from the College of Europe in Bruges. He is Visiting Professor at the College of Europe, a regular public speaker, and has published in renowned journals, most recently on the creation of banking union. First reactions on the presentation will be provided by:
  • Manuela Moschella (Associate Professor in International Political Economy, Scuola Normale Superiore, Florence)
  • Deirdre Curtin (EUI, Law Department)
The event will be chaired and moderated by Brigid Laffan (Director, Robert Schuman Centre for Advanced Studies). The event will be held under Chatham House Rules.
Feb
16
Thu
Legal Aspects of Liquidity Coverage Ratio, Net Stable Funding Ratio and The Internal Liquidity Adequacy Assessment Process @ Teatro, Badia Fiesolana
Feb 16 – Feb 17 all-day
Legal Aspects of Liquidity Coverage Ratio, Net Stable Funding Ratio and The Internal Liquidity Adequacy Assessment Process @ Teatro, Badia Fiesolana | San Domenico, Fiesole | Toscana | Italy

Course instructor: Bart Joosen (University of Amsterdam)
Area: Supervision and Resolution
Level: Intermediate

This training course will:

  • bring a close reading of the LCR Regulation and analyses the various topics concerning liquidity inflows and outflows
  • explore the dependencies of the LCR Regulation with the legislative framework for covered bonds, securitisation and deposit guarantee schemes
  • analyse, in a separate close reading session, the EBA Guidelines on ICAAP and ILAAP information collected for SREP purposes
  • address the forthcoming NFSR rules as well as the interaction of those rules with the LCR framework

The course is targeted, among others, at EU Officials (ECB, SSM, SRB, ESRB, EBA, ESM), Senior Policy Officers aand Legal officers of Prudential Supervisors/National Central Banks. It is expected that the course participants have a degree in Law or Social Sciences, and prior knowledge of European capital and liquidity regulation.

Click here for further information

Mar
8
Wed
Macroprudential Policy: Promise and Challenges @ Conference Room, Villa La Fonte
Mar 8 – Mar 10 all-day
Macroprudential Policy: Promise and Challenges @ Conference Room, Villa La Fonte | Fiesole | Toscana | Italy

Course Instructor: Enrique G. Mendoza (University of Pennsylvania)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced
Deadline for registrations: 14 February 2017

This course will focus on the following topics:

  • A primer on financial markets modeling in open economy models and fundamentals of macro models of financial crises
  • Stylized facts of credit booms and Sudden Stops
  • Collateral constraints and the case for Macroprudential policy
  • Quantifying the effectiveness of optimal v. simple financial policy rules in Sudden Stop models
  • Time-inconsistency in the conduct of macropudential policy
  • The interaction between monetary and financial policies (Tinbergen’s rule and the need for coordination)

This course is targeted at financial stability and research departments of Central Banks, Ph.D. students, research departments of private banks, and EU Officials (e.g. ECB, SSM, SRB). Participants are expected to have a degree in Economics and to be proficient in mathematics, statistics and macro-modeling.

Click here for further information and registration

Mar
21
Tue
Measuring and Managing Systemic Risk @ Cappella, Villa Schifanoia
Mar 21 – Mar 23 all-day
Measuring and Managing Systemic Risk @ Cappella, Villa Schifanoia | Firenze | Toscana | Italy

Course Instructor: Gianni De Nicolò (International Monetary Fund and FBF)
Area: Risk Management
Level: Intermediate
Deadline for registrations: 7 March 2017

This course will focus on the following topics:

  • Value at Risk (VAR) and market based measures of systemic risk
  • Measures of systemic importance (COVAR, Network analysis)
  • Identification of Systemically Important Financial Institutions (SIFIs)
  • Contagion and network externalities

This course is targeted at financial stability and research department of Central Banks, Ph.D. students, private sector economists, EU officials. Participants are expected to hold a BA (or equivalent) in Economics and to have a basic understanding of statistics and econometrics.

Click here for further information and registration

Apr
19
Wed
Empirical Methods to Evaluate Financial Regulation @ Sala Europa, Villa Schifanoia
Apr 19 – Apr 20 all-day
Empirical Methods to Evaluate Financial Regulation @ Sala Europa, Villa Schifanoia | Firenze | Toscana | Italy

Course Instructor: Steven Ongena (University of Zurich)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced
Deadline for registrations: 29 March 2017

This course will focus on the following topics:

  • Current research methodologies used in empirical banking, with a special emphasis on inter-temporal and cross-sectional methods (e.g. matching)
  • Techniques: Heteroskedastic Modelling, Duration Analysis and Applications, Matching, Difference-in-Difference, Event Studies and Applications, Elements of an Identification Strategy

This course is targeted at Financial stability and research department of Central Banks, Ph.D. students in Economics, Banking or Econometrics, and economists in the private sector. Participants are expected to have a degree in Economics and to be proficient in mathematics, statistics and modelling (an intermediate level in micro and macroeconomics, as well as in applied econometrics, is required to follow this course).

Click here for further information and registration

Jun
7
Wed
Advances in the Computational Methods for Models with Occasionally Binding Constraints @ Cappella, Villa Schifanoia
Jun 7 all-day
Advances in the Computational Methods for Models with Occasionally Binding Constraints @ Cappella, Villa Schifanoia | Firenze | Toscana | Italy

Course Instructors: Fabio Canova (BI), Wouter den Haan (LSE), Junior Maih (Norges Bank)
Area: Statistical and Econometric Methods
Level: Intermediate/Advanced
Deadline for registrations: 17 May 2017

This course will focus on the following topics:

  • Piecewise linear solution. Maximum Likelyhood and Bayesian estimation
  • Solution and simulation of regime-switching DSGE models; exogenous and endogenous switching; occasionally-binding constraints
  • Numerical integration: splines, fixed point and time iteration
  • Projection techniques for models with occasionally binding constraints

This course is targeted at financial stability officers, research department officers, Ph.D. students, and research department officers of private banks. Participants are expected to have a degree in Economics and to be proficient in mathematics, statistics and modelling.

Click here for further information and registration

Sep
7
Thu
Early Warning Systems @ House of Finance, Goethe University
Sep 7 – Sep 8 all-day
Early Warning Systems @ House of Finance, Goethe University | Frankfurt am Main | Hessen | Germany

Course Instructors: Gianni De Nicolò (FBF and IMF), Fabio Canova (FBF and BI Norwegian Business School), Manfred Kremer (ECB)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced

This course will focus on the following topics:

  • Introduction to tail risk measures; VaR and CoVaR
  • Expected Systemic shortfall (SES) and other risk measures
  • Logit and Receiving operation characteristic (ROC) models
  • Networks, connectedness, and risk interdependences

This course is targeted at Financial stability and research department of Central Banks, Ph.D. students, Research department of private banks, and EU officials. Participants are expected to have a degree in Economics and to be proficient in mathematics, statistics and macro-modelling.

Click here for further information and registration

Oct
9
Mon
Bank Regulation and Systemic Risk @ Teatro, Badia Fiesolana
Oct 9 – Oct 11 all-day
Bank Regulation and Systemic Risk @ Teatro, Badia Fiesolana | Fiesole | Toscana | Italy

Course Instructor: Jean Charles Rochet (University of Zurich)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced

This course will focus on the following topics:

  • The objectives of prudential regulations
  • Capital regulation for banks: static and dynamic models
  • Bank runs and the Lender of Last Resort
  • Systemic risk and contagion
  • Bank resolution and Total Loss Absorbing Capacity

This course is targeted at Financial stability and research department of Central Banks, Ph.D. students, Research departments of private banks, and EU officials. Participants are expected to be familiar with basic banking and finance models and to have some understanding of dynamic optimization and of basic simulation techniques.

Click here for further information and registration

Oct
30
Mon
Regulation of Shadow Banks @ University of Amsterdam
Oct 30 – Oct 31 all-day
Regulation of Shadow Banks @ University of Amsterdam | Amsterdam | Noord-Holland | Netherlands

Course Instructors: Enrico Perotti, Bart Joosen and Roger Laeven (University of Amsterdam); Iman van Lelyveld (Free University of Amsterdam and DNB)
Area: Financial Stability and Regulation
Level: Intermediate

This course will focus on the following topics:

  • Financial and prudential aspects, with some attention to its legal underpinnings.
  • Shadow banking understood as a financial segment that expands and contracts credit outside the regulatory perimeter.
  • Key elements of shadow banking regulation as well as emerging issues related to their relevance for macro-prudential policy.
  • European (as well as some US) legislation on insurance companies, money mutual funds and central clearing platforms for derivatives.
  • Review of typical shadow banking funding and lending strategies such as secured credit and security lending.

This course is targeted at Financial Stability officers, Research department officers, Ph.D. and Post-doctoral researchers, Assistant Professors, Research department of private banks, EBA, SSM, SRB, ESRB, EU officials. Participants are expected to have a degree in Social Sciences and to have a general command of EU financial regulation.

Click here for further information and registration